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StraightUp Resources Inc. (CSE: ST) Gold Exploration Expansion Rides Wave of Inflationary Concerns

  • Market analysts and investors are preparing for inflation to reach high levels as a result of COVID-19 pressures, although key financial policy managers expect inflation pressures to be temporary
  • Analysts are also observing the 50th anniversary of the end of the gold standard in the United States with reports that offer mixed views on gold’s ability to hedge against inflation in the short term, but its proven success for long-term prospects
  • Amid the uncertainty in preparing for the coming years’ economic trends, mineral property acquisition company StraightUp Resources is building asset classes such as gold in high-value regions
  • The company has acquired options to four sites in the well-known greenstone belt surrounding Ontario’s Red Lake Mining District and in Nevada’s famed Bullfrog boom zone

Fifty years after President Richard Nixon ended the U.S. dollar’s convertibility into gold, financial analysts have been weighing in on the gold standard’s end and the results of using gold as a hedge against inflation during the years since (https://ibn.fm/TAT6w). In the wake of briefly devastating economic conditions resulting from the COVID-19 pandemic, many investors have been concerned about the prospect of ‘high’ inflation arising now from tight supply lines and massive government debt on a global scale, according to varied news reports including a recent Reuters overview (https://ibn.fm/j80xD).

A quick Google search shows analysts are largely in agreement that gold and changes in the U.S. consumer price index (“CPI”) have not followed a linearly parallel path during the past five decades, suggesting that gold has not been the ultimate short-term fix for…

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NOTE TO INVESTORS: The latest news and updates relating to ST are available in the company’s newsroom at https://ibn.fm/STR

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